The Natural Resource Fund, Withdrawals, and National Development Priorities
Summary
Pursuant to the Natural Resource Fund (NRF) Act, all withdrawals from the NRF to finance the National Budget are subject to approval by the...
Guyana’s public service needs urgent reforms to unlock development potential- Financial Analyst
Local Financial Analyst and Accountant at the Ministry of Finance, Surendra Boodhoo, has emphasized the urgent need for the transformation of Guyana's public service...
Govt. to spend nearly $40M on Water Treatment Facility for Mazaruni Prison
The Guyana Prison Service (GPS) has revealed that the APNU+AFC government will soon be spending some $39.5M on a water treatment plant for the...
Financial laws to be amended to improve approval process for 2021 budget and beyond
An amendment to the Fiscal Management and Accountability Act (FMAA) was today tabled in the National Assembly by Senior Minister in the Office of...
AG flags Region 10 authorities’ poor procurement practices for pharmaceuticals
The latest report by the Auditor General of Guyana, Deodat Sharma has placed the spotlight on the Regional Administration of Region 10 for its...
Budget 2022 to be read on January 26 – Finance Minister
Senior Finance Minister, Dr. Ashni K. Singh announced today that Budget 2022 will be read next Wednesday on January 26, 2022.
The Minister had been,...
Guyana Goldfields Board left investors in the dark-Concerned Shareholders
Not only did the current Board of Directors of the Guyana Goldfields Inc. lose over CDN$1B (US$733M) in shareholder value due to a series...
Central Bank blocks Republic Bank’s acquisition of Scotia branches
After months of due diligence, Bank of Guyana has come to the conclusion that permitting Republic Bank’s acquisition of Scotia Bank's operations would not...
Foreign currency transactions increased by whopping US$3.5B during first quarter
Bank of Guyana recently disclosed that foreign currency transactions saw a 27.0 percent jump during the first quarter of 2023. This represents US$3.5B worth...
Digicel neck-deep in over US$6B debt; projects it will increase 7.0 times its earnings...
Regional Telecommunications provider, Digicel Group Limited, has been struggling for the past four years to reduce a US$6.8B of debt.
Research conducted by this news...
